Democrats Are Communist

  • Thread starter Thread starter Geo
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Thumbpicker said:
lol - I do know what's going on. Only a proportion of my shares are in US companies and if there is a bubble in the US stock market (debatable) then any further capital gains will evaporate, reverse and return again over the longer term - even if that means 10-20 years. That is fine by me.
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That would be true if the world wasn't changing. Good advise for 20 years ago.
 
Geo said:
Here is a tip for you since you have no idea what's going on. The US stock market is going to go way higher until sometime after the election. And that's when I am going to take your money.
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Fair prediction too, like crashing when santa doesn't come this christmas cause gas beer and groceries been too expensive to make the trip.

Geo said:
Always exception to he rule but I have CPA's in the family. 90% of them are good with tax codes (which isn't easy) but not with anything else.
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Agreed. He told me actually got hired at his first big firm as a C average student cause the heads there didn't want to hang out with pencil necked geeks on corporate accounting trips. Still, that gig is a soul sucker which is why he got the teaching gig.
 
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Thumbpicker said:
No-one takes anyone's money unless they sell incidentally. That's when gains or losses are crystalised. Up until that point it's all unrealised.
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I will get my money out well before you start panicking.
 
Geo said:
I will get my money out well before you start panicking.
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I don't panic. I'm not a speculator.

I can afford to lose 50% of my shares and if it dropped like that most of it will bounce back in a 10 year time frame and probably all of it.
 
VonBonfire said:
Fair prediction too, like crashing when santa doesn't come this christmas cause gas beer and groceries been too expensive to make the trip.


Agreed. He told me actually got hired at his first big firm as a C average student cause the heads there didn't want to hang out with pencil necked geeks on corporate accounting trips. Still, that gig is a soul sucker which is why he got the teaching gig.
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The US stock market is no longer what it used to be. The fed is printing and dumping money like a someone trying to bail out a sinking ship.
 
Thumbpicker said:
I don't panic. I'm not a speculator.

I can afford to lose 50% of my shares and if it dropped like that most of it will bounce back in a 10 year time frame and probably all of it.
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How much are you going to lose when the Dow drops to 8000?
 
Geo said:
The US stock market is no longer what it used to be. The fed is printing and dumping money like a someone trying to bail out a sinking ship.
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As I said, if there is some sort of Armageddon you have far more to worry about. Everyone will be in the same boat. Cash can become worthless as well even if you go out to cash. Go build your bunker mate.
 
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Thumbpicker said:
As I said, if there is some sort of Armageddon you have far more to worry about. Everyone will be in the same boat. Cash can become worthless as well even if you go out to cash. Go build your bunker mate.
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There are always ways to guard your savings, it's been done for thousands of years. No bunker necessary.
 
Geo said:
How much are you going to lose when the Dow drops to 8000?
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What you need to understand is the index rises with inflation as well. Equity in companies is a share in their net assets and future income streams. If it dropped to those levels it won't stay there for long in an inflationary environment. It's worse being in cash because you won't earn enough interest to keep up in a hyperinflationary environment. You'll lose no matter what happens. So as I said, everyone will be fucked. You won't escape it either.
 
VonBonfire said:
That you have to have a long haul mindset and have a diversified portfolio.
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Sounded like you were saying it was something he would try to reassure himself with when the market went to crap, but didn’t work.
 
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Geo said:
Accountants know the tax code and very little else about the real world.
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“Accountants know the tax code”
I hope its better than some of our current Jurist Doctrates - ie, the existing judges and attorneys in our legal system know simple legislative procedures, precident and basic concepts of law.
Seriously alarmaing!
I’ve been laid up for the last two months recovering from ankle replacement surgery, and have had the opportunity to watch the Senator John Kennedy from Louisiana examine federal bench nominees. Absolutely horrifying to know the power these unqualified people weild.

 
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I have a contrarian view, at least contrarian from most of you guys. Harris will win, fed will keep printing, stock market will keep going up, inflation will hover higher, amounting to another 20% in five years. The rich will get richer and the poor, poorer. Basically, more of the same.
 
acceptance said:
Sounded like you were saying it was something he would try to reassure himself with when the market went to crap, but didn’t work.
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By the book people trust that developments in science, medicine, and economics is as stated, trustworthy, and reliable. So the mindset is one of long term thinking with regard to stuff like investments the universe, and approved medical treatments..
 
…Likely Russia will call the US bluff and we will make a bullshit “Mission accomplished” story anyways, as usual. The US will tamp down Israel’s aspirations for mideast dominance while still “supporting” them. Wokery will go out of fashion…
 
VonBonfire said:
By the book people trust that developments in science, medicine, and economics is as stated, trustworthy, and reliable. So the mindset is one of long term thinking with regard to stuff like investments the universe, and approved medical treatments..
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Well has it worked out for him?
 
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